Boeing Co
Aerospace & Defense
Company Summary
The Boeing Company, a major aerospace and defense manufacturer, is working to improve its sustainability through the development of eco-efficient aircraft, alternative fuels, and energy-saving technologies. The company’s ESG rating reflects efforts to reduce carbon emissions and improve fuel efficiency in aviation. However, Boeing has faced significant environmental concerns regarding the carbon footprint of its aircraft and environmental impacts of its manufacturing processes. The company has also encountered governance challenges, particularly in the wake of the 737 MAX crisis, raising questions about its corporate governance and product safety. Despite these setbacks, Boeing is focused on improving sustainability in aviation and advancing environmentally friendly innovations. For more details, refer to the Boeing ESG report. When it comes to ESG risks, they have a high ESG risk, high exposure to material ESG issues, and an average score in managing those ESG issues, so the overall Boeing ESG score is relatively less . The company faces specific material ESG issues related to products and services, data privacy and security, business ethics, and product governance. They have had some controversies regarding quality and safety and bribery and fraud. Their sustainability targets include a decarbonisation target by 2030, and their net zero emissions goals are not in line with the Paris Agreement (strongly misaligned). Gender Equality is the only sustainable development goal that the company is aligned with so far. The company's management has a lot of work to do in product safety and quality and customer relations.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Boeing is Average among 92 companies in the aerospace & defense industry.
Temperature Rise :
News from Boeing Co
Boeing's Record SAF Purchase
Virgin Australia and Boeing Unite for Sustainability
Boeing Unveils "Cascade" for Net Zero Aviation
Boeing Opens New Germany Distribution Centre to Meet Growing Demand
Boeing to Launch Research Center in Japan and Increase Sustainability
Boeing and Alder Fuels Associate to Make Sustainable Aviation Fuel Available Worldwide
Boeing Signs Agreement with Lufthansa Technik, ESG for German P-8A Fleet
FAQ
What is Boeing's ESG rating?
Boeing’s ESG score is 55 from Sustainalytics, with a mix of environmental sustainability challenges and social issues related to safety. The company is working to improve by adopting eco-friendly technologies and reducing its environmental impact.
How does Boeing integrate ESG factors into its operations?
Boeing integrates ESG by investing in fuel-efficient aircraft technologies, promoting sustainable aviation fuels, and improving manufacturing processes for environmental impact. The company also adheres to strong governance and ethical standards.
What sustainability projects is Boeing involved in?
Boeing is involved in several projects to develop environmentally friendly aircraft and reduce carbon emissions. The company advocates for sustainable aviation fuel and energy-efficient manufacturing practices.